Description: In 2012, the Federal Reserve Board’s Division of Consumer and Community Affairs conducted an online survey of older adults. The survey set out to answer: • How do older adults use financial products as they age? • How do older adults make their financial decisions and where do they turn for advice? • What are older adults’ main sources of financial stress? Since the fielding of that survey, the American economy has steadily recovered from the Great Recession. In April 2015, the University of Southern California’s Understanding America Study (UAS) conducted the Financial Management Survey to investigate how the financial lives of Americans have changed with the recovery. In addition to updating the earlier survey this also serves as a contrast because the data covers all ages 18 and over, allowing a comparison of the financial management of individuals and households of all ages.

Description: As part of its work, the PBITT Working Group issued its seventh survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits.

Description: The Human Mortality Database is a unique open‐access collection of detailed mortality and population data for 38 countries.

Description: Recognizing the importance of fortifying risk adjustment programs against selection based on nontraditional variables, the Society of Actuaries’ Health Section sponsored an in-depth study into the relationship of nontraditional variables with health costs. This report presents the results of this study.

Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: This research report introduces Delta Boosting as a new member of the boosting family.

Description: This paper discusses some key challenges of embedding guarantees in DC plans, including setting an appropriate guarantee level, designing effective cost funding and risk management strategies, and fair treatment of plan participants with different investment strategies.

Description: This is a research project on issues in applying credibility in group long-term disability (LTD) insurance.

Description: Notices of Disciplinary Determinations

Description: Notices of Disciplinary Determinations